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satela [25.4K]
3 years ago
10

The three main methods that can be used to achieve the efficient use of a common resource are:___________.

Business
1 answer:
Simora [160]3 years ago
5 0

Answer:

Option A:property rights, production quotas, and ITQs

Explanation:

A Common Resources is known simply as a resource for which rights are held in common by a group of individuals who has no exclusive ownership right. With common resources, property rights are not well-defined and are non-exclusive. In a common resource, an individual has the right to use the resource, but not to change its form or transfer it to other individuals. The policies that helps to improve efficiency include: production quotas, individual transferable quotas and property right.

Production quotas is simply an upper limit to the quantity of a good that may be produced legally.

An individual transferable quota is a production limit that is given to an individual who is free to transfer the quota to another person.

By the assignment of property rights, common property becomes private property.

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Marigold Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $371,700. The estimated fair
wel

Answer:

Land =  $ 61,950

Building = $ 227,150

Equipment =  $ 82,600

Explanation:

Given the following fair values

Land = $ 70,800

Building =  $259,600

Equipment = $ 94,400

Total cost (based on fair value) =  70,800 +  259,600 +  94,400

                                                    = $ 424,800

Cash payment given  =  $ 371,700

Using the proportion system to allocate the cost,

Cost of land =  \frac{70800}{424800} × 371700

                     = $ 61,950

Cost of building = \frac{259600}{424800} × 371700

                          =  $ 227,150

Cost of Equipment = \frac{94400}{424800} × 371700

                               =  $ 82,600

Therefore, the amounts to be recorded in the books for land, building and equipment are $ 61,950,  $ 227,150 and  $ 82,600 respectively.

3 0
4 years ago
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<h3>What is the importance of logistics?</h3>

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Read more on logistics here: brainly.com/question/23177203

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3 years ago
When a student is given two seemingly different problems to solve, but the problems have the same underlying logical requirement
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